Mr. Dave Barnett reports

ZTEST ELECTRONICS INC. ANNOUNCES LEADERSHIP TRANSITION, APPOINTS NEW DIRECTOR AND CHAIR

Steve Smith has resigned as president and chief executive officer, and as a director, of Ztest Electronics Inc., effective June 17, 2026. Stephen Harpur has been appointed to the board of directors to fill the vacancy created by the resignation of Mr. Smith.

In connection with this transition, David Barnett has been appointed as chair of the board, effective immediately. Mr. Barnett has served on the company's board of directors since 2024, and brings significant experience in public company governance, capital markets and strategic advisory service.

The board has initiated a leadership succession process and is evaluating internal and external candidates for the company's future executive leadership. Permatech Electronics Corp.'s day-to-day operations will continue under the leadership of Suren Jeyanayagam, president of Permatech, the company's operating subsidiary, while the board conducts its search for the company's next executive leader. Further updates regarding the leadership transition process will be provided as appropriate.

Permatech continues to operate normally, with customer activities and production operations proceeding without interruption.

Mr. Harpur is the CEO and chair of Progressive Planet Solutions Inc., a British Columbia-based clean technology and manufacturing company focused on developing sustainable solutions for the construction, agricultural, industrial and consumer markets. Since assuming leadership of Progressive in 2018, Mr. Harpur has overseen its transformation from a junior resource issuer into an operating cleantech and manufacturing business with growing revenues, proprietary technologies and an expanding portfolio of mineral-based products. He also led the acquisition of Absorbent Products Ltd., a transformative transaction that significantly expanded the company's operations, product offerings and North American distribution footprint.

A chartered professional accountant (CPA), Mr. Harpur has more than a decade of experience in public company leadership, corporate finance, mergers and acquisitions, and strategic growth initiatives. He has established a strong record of identifying, financing and integrating acquisitions, raising capital, and creating shareholder value within the Canadian microcap market. Mr. Harpur's experience scaling manufacturing businesses, allocating capital and leading public company transformations is expected to provide valuable perspective as Ztest evaluates strategic opportunities and operational initiatives.

Mr. Smith's departure follows discussions with the board regarding the company's leadership succession plans, and is not the result of any disagreement with the company, its board of directors, management, operations, policies or practices.

The company and Mr. Smith have entered into a separation agreement pursuant to which Mr. Smith will receive $150,000 immediately and the payment of $110,000 over the next nine months as severance benefits consistent with his employment agreement.

Mr. Barnett commented: "The board thanks Steve for his contributions to the company and wishes him continued success in his future endeavours. We are also pleased to welcome Stephen Harpur to the board. Stephen brings extensive experience in public company leadership, corporate finance, mergers and acquisitions, and value creation. His perspective and expertise will strengthen the board as we continue to execute our strategic objectives, enhance shareholder communications and pursue opportunities to create long-term shareholder value."

About Ztest Electronics Inc.

Ztest Electronics, through its wholly owned subsidiary, Permatech, offers electronic manufacturing services (EMS) to a wide range of customers. Permatech's offering includes printed circuit board (PCB) assembly, materials management and testing services. Permatech operates from an ISO 9001:2015-certified facility in North York, Ont., Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the medical, power, computer, telecommunications, wireless, industrial, trucking, wearables and consumer electronics markets. It specializes in servicing customers looking for high yield, and require high quality and rapid turnaround on low- and mid-volume production of high-complexity products.

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